State of Wyoming Acquires 16,257 Shares of Intel Corporation $INTC

State of Wyoming purchased a new stake in Intel Corporation (NASDAQ:INTC) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 16,257 shares of the chip maker’s stock, valued at approximately $1,955,000.

A number of other institutional investors have also recently bought and sold shares of INTC. ABS Investment Management LLC acquired a new stake in shares of Intel during the second quarter worth $694,101,000. Montgomery Financial Services LLC bought a new stake in Intel during the 2nd quarter worth approximately $26,000. Knuff & Co LLC acquired a new stake in Intel during the 2nd quarter worth approximately $29,000. Glynn Capital Management LLC bought a new stake in Intel in the 2nd quarter valued at approximately $29,000. Finally, Beaird Harris Wealth Management LLC lifted its position in shares of Intel by 3,185.7% in the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock worth $32,000 after purchasing an additional 223 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity at Intel

In related news, CEO Lip Bu Tan purchased 105,263 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Piper Sandler started coverage on Intel in a report on Wednesday, September 9th. They set a “neutral” rating and a $110.00 target price on the stock. Robert W. Baird set a $83.00 price target on Intel in a research note on Friday. Truist Financial decreased their price target on Intel from $108.00 to $72.00 and set a “hold” rating for the company in a research note on Friday. Bank of America lowered Intel from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $145.00 to $100.00 in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on Intel from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $97.86.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Intel Price Performance

NASDAQ:INTC opened at $65.76 on Friday. Intel Corporation has a one year low of $32.89 and a one year high of $142.35. The company has a market cap of $331.69 billion, a P/E ratio of -27.29, a P/E/G ratio of 9.78 and a beta of 2.22. The firm’s fifty day moving average price is $101.10 and its two-hundred day moving average price is $86.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. The company had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The company’s revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Equities analysts expect that Intel Corporation will post 1.05 earnings per share for the current year.

Intel Profile

Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.